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Do Free File Fillable Forms correctly calculate Schedule C losses?

April 26, 2017CALCULATE correctly file fillable forms Free losses schedule

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Do Free File Fillable Forms correctly calculate Schedule C losses?

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If the amount on Schedule C line 29 (tentative profit or loss) results in a loss, the loss will not carry down to line 31 and will not carry over to your Form 1040. To ensure your Schedule C losses are treated appropriately.